Technical Analysis
Date: 10.06.2022
Technical Analysis is a trading discipline that is used to analyze assets and find trading opportunities by examining statistical patterns derived from trading activity, such as price movement and volume. In order to navigate the gap between intrinsic value and market price, traders and investors you may benefit from FXTradium’s daily Analysis.
| Instrument | Description ( H4 Timeframe ) | R | Resistance levels | S | Support |
|---|---|---|---|---|---|
| GBPUSD | Following a prior breakdown below the previous support level, GBPUSD moved lower. The growing bearish trend indicated by the MACD suggests that the pair will extend its losses. | R1 R2 | 1.2535 1.2615 | S1 S2 | 1.2430 1.2360 |
| EURUSD | EURUSD has been trading downward and is presently challenging the support level. If the pair successfully breaks through the support level, the MACD, which shows growing bearish trend, suggests that it will continue its losses. | R1 R2 | 1.0685 1.0770 | S1 S2 | 1.0605 1.0520 |
| USDJPY | The USDJPY was trading downward after breaking below the last support level. MACD, which showed growing bearish trend, suggests that the pair's losses will be extended. | R1 R2 | 134.25 135.05 | S1 S2 | 133.10 131.95 |
| AUDUSD | The AUDUSD has been trading downward and is presently challenging the support level. However, the MACD, which showed diminishing bearish trend, suggests that the pair should be traded upward as a technical corrective. | R1 R2 | 0.7165 0.7265 | R1 R2 | 0.7075 0.7005 |
| NZDUSD | NZDUSD was trading down after breaking below the previous support level. However, the MACD, which showed diminishing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 0.6425 0.6500 | R1 R2 | 0.6350 0.6295 |
| USDCAD | The USDCAD was trading higher after breaking out above the previous resistance level. MACD, which showed decreasing bearish trend, suggests that the pair will prolong its advances. | R1 R2 | 1.2765 1.2875 | S1 S2 | 1.2765 1.2875 |
| USDCHF | Following the last breakout over the previous resistance level, the USDCHF was traded higher. However, the MACD, which showed declining bullish trend, suggests that the pair should be traded down as a technical correction. | R1 R2 | 0.9820 0.9900 | S1 S2 | 0.9740 0.9675 |
| Crude Oil | The price of Crude oil fell after a previous retreat from the resistance level. The rising bearish trend in the MACD suggests that the commodity's losses will be extended. | R1 R2 | 122.20 126.20 | S1 S2 | 119.05 115.40 |
| XAUUSD | The Gold price fell after a previous breakthrough below the previous support level. The rising bearish trend in the MACD suggests that the commodity's losses will be extended. | R1 R2 | 1846.20 1870.00 | S1 S2 | 1823.35 1796.45 |
| Instrument | Description ( H4 Timeframe ) | R | Resistance levels | S | Support |
⊗Please keep in mind that these are just expectations based on the research and investigations of the FXTradium Technical analysis team, and that the final decision on any specific trade will be made by the client.